Sunrise Resources Plc Forecast and Stock Analysis
Technical SRES.L stock analysis for February 15, 2019.
No changes to the price of Sunrise Resources Plc in the last trading day. The price has been going up and down for this period, and there has been a -20% loss for the last 2 weeks.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SRES.L stock was £0.10.
During day the stock fluctuated 11.11% from a day low at £0.09 to a day high of £0.10.
30 day high of the SRES.L stock price was £0.15 and low was £0.09.
90 day high was £0.15 and low was £0.08.
52 week high for the Sunrise Resources Plc - £0.22 and low - £0.08.
Sunrise Resources Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.09% during the next 3 months and, with 90% probability hold a price between £0.08 and £0.14 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. Sunrise Resources Plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £0.10 and £0.12. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.09.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £0.00 may give a huge drop in the stock price.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.01 between high and low, or 11.11%. For the last week, the stock has had a daily average volatility of 8.44%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Sunrise Resources Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.